Previous studies argue that religious firms are more ethical and thus engage less in accrual earnings management. At odds with the ethical view, we use a sample of Chinese listed firms and show that firms in religious regions use more real earnings management. We postulate that besides ethics, religion also proxies for risk aversion, which motivates firms to substitute accrual earnings management with real earnings management. Consistent with this view, we show that the positive association between religiosity and real earnings (...) management is more pronounced for firms with lower litigation risk and for firms with less reputable auditors. In addition, we use a mediation model introduced by Baron and Kenny :1173–1182, 1986) to show that religiosity affects earnings management through the channel of risk aversion. We conclude that firms choose real earnings management over accrual-based earnings management because of risk aversion, rather than ethical reasons. (shrink)

Previous studies argue that religious firms are more ethical and thus engage less in accrual earnings management. At odds with the ethical view, we use a sample of Chinese listed firms and show that firms in religious regions use more real earnings management. We postulate that besides ethics, religion also proxies for risk aversion, which motivates firms to substitute accrual earnings management with real earnings management. Consistent with this view, we show that the positive association between religiosity and real earnings (...) management is more pronounced for firms with lower litigation risk and for firms with less reputable auditors. In addition, we use a mediation model introduced by Baron and Kenny :1173–1182, 1986) to show that religiosity affects earnings management through the channel of risk aversion. We conclude that firms choose real earnings management over accrual-based earnings management because of risk aversion, rather than ethical reasons. (shrink)

Using a signaling framework, we argue that ethical behavior as evidenced by charitable donations is viewed more positively by investors when seen not to be based on self-serving motives but rather on authentic generosity that builds moral capital. The affirmed religiosity of CEOs may make their ethical position more credible, while their embeddedness within a family business suggests that CEOs are backed by powerful owners with long-time horizons and a desire to build moral capital with stakeholders. We find in a (...) study of market responses to 1572 corporate donations by S&P 1500 firms that financial markets react more positively to charitable initiatives from firms with religion-declared CEOs, but only if these are family businesses. (shrink)

The literature on the interplay between geographic communities and organizations has largely ignored the role of individual residents. In adopting a meso-perspective, we examine a potentially vital relationship between corporate conduct and pro-social behavior demanding sacrifice from individuals. Drawing on Weber ), we theorize that organizations in a community legitimize personal social conduct in three ways—by serving as role models, imparting norms and values, and routinizing forms of interaction. We study the relationship between corporate social responsibility behavior by local firms (...) and the social distancing of citizens in US counties during the Covid-19 pandemic, a core ethical outcome. We argue and find that the residents of communities in which firms exhibit higher levels of CSR engaged in more SD during the Covid-19 pandemic. This was true when firms were long-established, isomorphic in their CSR, and major employers and vendors. Moreover, CSR relating to the treatment of employees as well as positive and negative extremes in CSR bore especially strong relationships with SD. Implications are drawn for the study of business ethics, as modeled by CSR, as a force for ethical personal behavior and public health in communities. (shrink)

Previous studies have reported that general or photo-specific social media use was associated with women’s body dissatisfaction and body image disturbance. The current study replicated and expanded upon these findings by identifying the positive association between social media influencer viewing and intentions to change appearance. This study surveyed a sample of 7,015 adult female TikTok users in China regarding their social media influencer viewing frequency, self-objectification, social comparison tendencies when watching short videos, intentions to change appearance, and demographics. The results (...) showed that female TikTok users’ self-objectification mediated the association between their influencer viewing frequency and their intentions to change appearance. Furthermore, social comparison tendencies moderated the association between influencer viewing and intentions to change appearance in that the proposed association was stronger for female TikTok users who had lower social comparison tendencies when watching short videos, compared to female TikTok users who had higher social comparison tendencies. The counter-intuitive finding on social comparison tendencies indicated that women who have higher social comparison tendencies may be more aware of the negative influences and adjust their expectations. The observed association between social media influencer viewing and intentions to change appearance was statistically significant but trivial in terms of effect size. Although the result could warn policymakers and practitioners to design media and health literacy campaigns to cultivate body positivity, caution should be exercised when evaluating the practical implications. (shrink)

Studies linking religion to CSR have produced conflicting findings due to a failure to draw distinctions among religious influences and different CSR practices, and to theorize their connection. Drawing on social identity theory and the theory of planned behavior, we first argue that religion will influence CSR when ethical values from a CEO’s religious social identification resonate with an aspect of CSR. Second, CEO attitudes congruent with those values and forms of CSR—interpersonal empathy and proactiveness—will strengthen that relationship. Third, the (...) relationship between religious social identification and CSR will be strengthened by a CEO’s ability to enact CSR policies, a function of personal and firm market power. Our research on 270 CEOs from 242 publicly traded US firms from 2007 to 2020 supports these relationships. (shrink)

Tang Zhen (1630-1704) est l'un des philosophes et écrivains éminents du XVIIe siècle chinois. Sa jeunesse coïncida avec une des périodes les plus sombres et les plus dramatiques de l'histoire chinoise : l'effondrement de la dynastie Ming et la venue au pouvoir des Mandchous. Après une brève carrière officielle (il est sous-préfet au Shanxi en 1671), il redevient simple particulier et vit jusqu'à sa mort dans la misère ; il n'entretient de contacts qu'avec de rares savants de l'époque. En revanche, (...) dans son isolement, il consacre trente ans à la rédaction d'un seul grand ouvrage, le Qianshu, ou Ecrits d'un sage encore inconnu, qui comprend deux groupes d'essais : sur la sagesse, et sur la mise en ordre du monde. Il y rassemble et y condense, dans un style remarquable, les pensées, jugements et réflexions de toute une vie axée sur le perfectionnement moral, l'aspiration à la vérité et à la sérénité. Tempérament entier et intègre, soucieux d'application pratique, il aborde tous les sujets fondamentaux de l'éthique, de la politique, de la philosophie. Longtemps ignoré dans son pays, il n'a été redécouvert qu'au milieu de ce siècle, et sa critique violente de l'absolutisme l'a rendu célèbre. Ses pages passionnées, où la réflexion abstraite se mêle à d'innombrables exemples réalistes, sont attachantes, émouvantes : on y voit un esprit à l'œuvre face au monde ; comme il le dit " l'esprit est une chose merveilleuse ", et le sien, éclairé et souvent proche de celui de nos philosophes des Lumières, travaille pour lui-même, avec fécondité, avec bonheur. L'œuvre de Tang Zhen est traduite (avec tous les éclaircissements nécessaires) pour la première fois dans une langue occidentale. Traduite, dirons-nous, fraternellement, par un esprit proche du sien, à la fois exigeant, sobre, et tolérant : celui du maître de la sinologie française, Jacques Gernet, qui nous propose ici une découverte majeure. (shrink)

Recently, researchers have expanded the investigation into attentional biases toward positive stimuli; however, few studies have examined attentional biases toward positive auditory information. In three experiments, the present study employed an emotional spatial cueing task using emotional sounds as cues and auditory stimuli or visual stimuli as targets to explore whether auditory or visual spatial attention could be modulated by positive auditory cues. Experiment 3 also examined the temporal dynamics of cross-modal auditory bias toward positive natural sounds using event-related potentials. (...) The behavioral results of the three experiments consistently demonstrated that response times to targets were faster after positive auditory cues than they were after neutral auditory cues in the valid condition, indicating that healthy participants showed a selective auditory attentional bias and cross-modal attentional bias toward positive natural sounds. The results of Experiment 3 showed that N1 amplitudes were more negative after positive sounds than they were after neutral sounds, which further provided electrophysiological evidence that positive auditory information enhances attention at early stages in healthy adults. The results of the experiments performed in the present study suggest that humans exhibit an attentional bias toward positive natural sounds. (shrink)

When Western Marxist sociologists, such as Jean Buadrillard, constructed their critical theory of consumer society, they took the consumer society as an objective fact and methodologically restricted themselves to the non-historical method of sociology, making them unable to grasp the correct meaning of Karl Marx's historical materialist methodology. Thus, they were unable to adequately critique and transcend consumer society. After spending the early 1850s building a theoretical foundation, Marx pointed out in 1857–1858 Economical Manuscript and 1861–1863 Economical Manuscript that the (...) governing model of capital was so complicated that it made consumption very important to the socio-economic form. Moreover, he explained the way of surpassing the conscious form of fetishism developed in consumer society from the perspective of the development of capitalist production. (shrink)